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Lactoferrin Market By Form (Powder And Liquid), Application (Sports
Nutrition, Infant Formulas, Clinical Nutrition, Veterinary Nutrition,
Personal Care, Food Nutrition, And Others) & Region - Forecast to
2021 - 2031
Lactoferrin Market - Analysis, Outlook, Growth, Trends, Forecasts
December 2021 | REP-GB-11070 |
300 pages
|
Food and
Beverage
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Lactoferrin Market Snapshot
[300 pages Report] Newly released data from lactoferrin
market analysis by Future Market Insights shows that global
consumption of lactoferrin enjoyed year-on-year (YoY) growth of
5.0% in 2021 to total sales of US$ 192.8 Mn in the year. The
overall demand for lactoferrin captivates 33% of the global milk
ingredients market and is poised to witness a prominent growth
at 5.6% CAGR to reach the value of US$ 332.2 Mn in 2031.
Market Size Value in 2021
US$ 192.8 Million
Market Forecast Value in 2031
US$ 332.2 Million
Global Growth Rate
~5.6%
Forecast Period
2021-2031
Lactoferrin, being a natural protein, derived from cow milk,
which is also known as the main milk ingredient found in the
breast milk protein, can be used as an alternative for lactose
supplements.
Bovine lactoferrin or lactoferrin supplements, like milk powder,
can be taken as another alternative for milk protein, and used in
applications, such as nutraceutical, infant formula, food
nutrition, and clinical nutrition, while acting as an antimicrobial
protein.
2016-2020 Global Lactoferrin Market
Outlook In Comparison to 2021-2031 Growth
Forecast
Lactoferrin, having a strong affinity for iron, helps to bind iron
much efficiently and acts as a bacteriostatic agent, while
reducing freely available ferric ions quantity in any substance,
thus inhibiting the growth of certain bacteria.
As a resul